What's already set up for Cyprus
VAT rates, payment modes and expense categories arrive ready in every workspace.
Every new workspace starts with the settings Cyprus businesses and their accountants usually use, in Greek or English depending on the workspace language.
VAT rates
- 19% standard rate
- 9% and 5% reduced rates
- 3% (books, newspapers and similar)
- 0% for zero-rated and exempt supplies
Payment modes
- Bank transfer
- Cash
- Cheque
- Card
- Direct debit
- Standing order
- Online payment
Expense categories
31 categories, from purchases, salaries and social insurance to rent, electricity, fuel, bank charges, accounting fees and municipal fees.
Nothing you have added yourself is changed or duplicated. You can rename, add or deactivate any of them under Setup → Finance.
Didn't find what you were looking for?
Email us or call us and we'll answer as soon as we can. Mention your workspace name so we can help faster.